Archer Daniels Midland Co (NYSE:ADM) insider Christopher M. Cuddy sold 399 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $44.48, for a total value of $17,747.52. Following the sale, the insider now owns 116,619 shares in the company, valued at approximately $5,187,213.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Archer Daniels Midland Co (ADM) traded down $0.49 during trading hours on Wednesday, reaching $43.75. The company’s stock had a trading volume of 1,500,641 shares, compared to its average volume of 3,936,837. The company has a quick ratio of 0.86, a current ratio of 1.59 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $24,885.11, a price-to-earnings ratio of 15.80 and a beta of 1.09. Archer Daniels Midland Co has a 12-month low of $38.59 and a 12-month high of $46.39.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The firm had revenue of $16.07 billion for the quarter, compared to analyst estimates of $16.64 billion. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. equities research analysts forecast that Archer Daniels Midland Co will post 2.85 earnings per share for the current fiscal year.
ADM has been the topic of several analyst reports. Zacks Investment Research lowered Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. Vertical Group upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, February 15th. Citigroup upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price objective for the company from $42.72 to $49.00 in a research note on Tuesday, March 6th. Stifel Nicolaus dropped their price objective on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Finally, Goldman Sachs Group upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price objective for the company from $43.30 to $50.00 in a research note on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.65.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Archer Daniels Midland by 56.5% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 538,874 shares of the company’s stock worth $22,906,000 after purchasing an additional 194,635 shares during the period. Toronto Dominion Bank increased its stake in shares of Archer Daniels Midland by 10.5% during the third quarter. Toronto Dominion Bank now owns 213,632 shares of the company’s stock worth $9,081,000 after purchasing an additional 20,308 shares during the period. American Century Companies Inc. increased its stake in shares of Archer Daniels Midland by 1,325.9% during the third quarter. American Century Companies Inc. now owns 237,086 shares of the company’s stock worth $10,079,000 after purchasing an additional 220,459 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Archer Daniels Midland by 15.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,819,183 shares of the company’s stock worth $119,844,000 after purchasing an additional 378,450 shares during the period. Finally, AXA increased its stake in shares of Archer Daniels Midland by 3.0% during the third quarter. AXA now owns 123,600 shares of the company’s stock worth $5,254,000 after purchasing an additional 3,600 shares during the period. Institutional investors own 77.46% of the company’s stock.
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About Archer Daniels Midland
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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